Web3.0, at present, there is no relatively accurate definition. After all, new things are constantly clear in evolution. If they can be accurately defined, it means that it has basically taken shape, and the relative opportunity space will not be very large.
At the U.S. hearing in December 2021, Brian Brooks (CEO Bitfury Group) directly gave the definition of Web3.0: read-write, ownable, read-only relative to Web1.0 and readable to Web2.0 Write so that the average user can understand the concept at a glance. This is by far the most widely accepted explanation. In such a high-profile occasion, the audience can intuitively understand and lead directly to the Web3.0 revolution, which is an epoch-making milestone.
Therefore, in Web2.0, your data has value, but it does not belong to you, and the value is not shared with you.
Web3.0 reshapes the value of data
Web3.0 is the successor of the Internet. Just as the Internet changed the way people communicate and exchange information, Web 3.0 is defined by changing the infrastructure that moves value around the world. After the Internet, the emergence of Web 3.0 is the largest global technology ever. The first generation of the Internet, Web 1.0, was incubated within governments and civil society, and then slowly made its way to the world.
Web 2.0 (the big tech platforms of today) started out as small companies in a handful of regions and in just a few years became the largest commercial arbiter in human history. At the same time, Web 3.0 is gradually emerging from all corners of the world. The countries with the largest number of participants in DeFi today are the United States, Vietnam, Thailand, China, the United Kingdom, the Netherlands, and Ukraine; major cryptocurrency adopters include India, Pakistan, Ukraine, Kenya, Nigeria, Venezuela, and Argentina. Venezuela is a representative case of how the financial application of cryptocurrencies can fill the void in economically volatile countries.
Web 3.0 is more than just its financial origins, which is becoming more and more evident around the world. Leading Web 3.0 applications, marketplaces, and game studios have sprung up around the world, and many projects are now built by globalized, decentralized teams operating as DAOs. The international developer community is growing at an unprecedented rate. Web 3.0 represents a profound shift in how individuals and communities use it. Value creation and benefit distribution are being taken away from centralized players and handed over to globally distributed community members. Web 3.0 has almost limitless possibilities to enable new forms of ownership and collaboration.
Realizing the potential of Web 3.0 depends on policymakers willing to lay the policy foundation for unleashing innovation. Thoughtful regulation can create a framework in which innovation can benefit society while excluding real risks that could harm users. Given the rapid growth of Web 3.0, now is the time for world leaders to get involved. Policy development around Web 2.0 has been largely inadequate and slow. We shouldn’t repeat this mistake on Web 3.0. Instead, policymakers should consider how they want to use digital tools in an open society, and how we should design and define the success of the next generation of the Internet.
Web 3.0 should be built around a clear set of goals. Specifically, the next-generation web should be: To make the Internet more decentralized, verifiably open & inclusive, secure, efficient, resilient, engaging & well-governed, designed to protect privacy, responsible, sustainable; Web3 will be launched A new global digital economy system, creating new business models and new markets, breaking platform monopoly, and promoting broad, bottom-up innovation.
Reconstruct the infrastructure and application protocols of the Web3.0 network, and initially form the core stack of the Web3.0
Web2.0 to Web3.0 is not an ordinary upgrade, but a complete and fundamental innovation, a comprehensive change in technology, business and user models, so Web3.0 has been reconstructed from the inside out. Infrastructure and application protocols.
The industry generally agrees that Web 3.0 follows the theory of “fat protocol” and “thin application”, and the underlying infrastructure protocol can capture value well. The “fat protocol” theory believes that the value capture mode of blockchain and the Internet is different. Most of the value in the Internet era is captured by the application layer, such as Google, Facebook, Amazon, Alibaba, Tencent, etc. The underlying infrastructure protocol of the Internet TCP/ IP, HTTP, etc. do not capture value.
The Web3.0 era is different, the value will be concentrated in the underlying protocol, and a small part of the value will be distributed in the application layer, thus forming the form of “fat protocol” and “thin application”. At present, Ethereum is one of the most classic “fat protocol” cases.
Therefore, since the development of Web3.0, although many star projects have been born in the application layer in the fields of DeFi, GameFi, Metaverse, etc., there is indeed no application giant such as Tencent of Web2.0. For example, Axie Infinity already has more than 25 million gamers, and its community treasury has assets worth more than 2 billion US dollars (52000ETH+21 million AXS).
New project model innovation of Web3.0
In terms of the customer acquisition model of new Web3.0 projects, there is a strategy to achieve cold start of projects through airdrops to precise groups of people. High-traffic projects such as OpenDAO, Galss.xyz, MetaDAO, and GasDAO have adopted this model.
To a certain extent, this model is a milestone model innovation from Web2.0 to Web3.0. During the Web2.0 era, user data was in the hands of a centralized platform. ByteDance’s massive engine packaged and classified various users. Various data packages such as wealth management, tourism, and secondary elements were clearly priced. If you want to promote your products or If the content is given to precise users, then you have to spend money to buy it. Only through a huge number of engines can products or content be pushed to precise potential customers. The user data in the Web2.0 era has enriched the major platforms, but the data value has not been returned to the users themselves. This status quo may no longer exist in the Web3.0 era.
The specific crowd airdrop mechanism of OpenDAO, MetaDAO, and GasDAO has demonstrated the B-side customer acquisition and C-side user data realization of Web3.0. In the era of Web3.0, all kinds of new protocols and new applications need to be cold-started, and to find accurate potential users, then airdrop community interests to precise groups of people. There is no need for middlemen and platforms, and the project can directly attract precise target user groups.
CyberVein Smart City Construction Layout “Web 3.0 Big Data”
The blockchain has made new progress in the field of scalability. For example, Ethereum has gradually found a relatively balanced position in this balance, and does not pursue a point excessively. This is also what CyberVein is doing — in big data At the level, there are several balance points of data trustworthiness, data security, and data interaction. CyberVein has built a trusted database based on blockchain, and uses oracles (in fact, oracles are not only used for Defi, but also a bridge between offline data and on-chain communication) and multiple IoT and artificial intelligence Institutions cooperate to achieve real data interconnection and accelerate the vigorous development of Web3.0.
According to the principle of “overall planning, co-construction and sharing”, CyberVein has built a DAVE data switch of “Internet of Things, Data Connection, and Intelligent Connection”. PISR database, DAG storage chain, Cytrix distributed computing power platform, AI federated learning and decentralized NFT issuance and auction platform can all build a “lightweight, centralized and shared” smart city brain, focusing on data collaboration, technology Collaboration and business collaboration, gather multi-source heterogeneous data such as government affairs services, urban operation perception, market and social entities, formulate unified data standards, interface specifications, and calling rules, and realize cross-department and cross-industry system platform data connection.
The entire ecosystem of CyberVein revolves around big data, helping to establish a data element market, improve data element production, rights confirmation, circulation, application, and revenue distribution mechanisms, build a dynamic data operation service ecosystem, and improve the digital element flow mechanism. Explore Form an information facilitation system, guide the establishment of a data governance and security guarantee system, promote the maximization of Web3.0 data value exploration, and further improve social productivity and operational efficiency. CyberVein has allowed the seeds of some cutting-edge technologies to take root and germinate, allowing more countries and regions to form a smart city ecology.